Intimation about execution of MOU
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Leading Leasing Finance and Investment Company Ltd has signed a one-year Memorandum of Understanding (MoU) with MFINS Services Private Limited on 19 January 2026. The two parties will collaborate to jointly pursue opportunities in the solar panel loan segment in India, combining the company's financial expertise with Mfins's operational capabilities. The partnership aims to expand the company's loan book, strengthen its market participation, and improve its position in the growing solar financing space. The MoU is non-binding in nature and can be terminated by either party with 30 days' written notice. There is no shareholding exchange and no related party connection between the two entities.
This is a non-binding MoU rather than a formal joint venture, so immediate financial impact is limited. However, it signals the company's intent to diversify into green energy financing, which could support future loan book growth if the partnership materialises into actual business.